{"id":48158,"date":"2026-03-18T11:35:14","date_gmt":"2026-03-18T11:35:14","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/03\/18\/planet-labs-stock-on-edge-ahead-of-earnings-will-it-drop-20\/"},"modified":"2026-03-18T11:35:14","modified_gmt":"2026-03-18T11:35:14","slug":"planet-labs-stock-on-edge-ahead-of-earnings-will-it-drop-20","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/03\/18\/planet-labs-stock-on-edge-ahead-of-earnings-will-it-drop-20\/","title":{"rendered":"Planet Labs stock on edge ahead of earnings: will it drop 20%"},"content":{"rendered":"
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Planet Labs stock is stuck in a bear market after falling by 20% from its highest point this year. <\/p>\n

PL was trading at $24.50, down from the year-to-date high of $30.85. <\/p>\n

Its market capitalization has dropped from over $9 billion to the current $8.35 billion. So, will it rebound ahead of the upcoming earnings?<\/p>\n

Planet Labs business is thriving <\/h2>\n

Planet Labs PBC is a top company involved in earth observation solutions through low-orbit satellites. <\/p>\n

It designs, builds, and operates thousands of satellites and offers the services to government agencies and companies, including popular names like Bayer, AXA, and SwissRe. <\/p>\n

Its images are used widely by media organizations like the New York Times, CNN, BBC, and Bloomberg.<\/p>\n

Planet Labs stock has done well in the past few months, moving from last year’s low of $2.85 in April last year to the current $24.60. This growth happened as the its revenue growth accelerated, with the annual figure rising from $133 million in 2021 to $244 million last year.<\/p>\n

The challenge, however, is that the company continues to lose money, with its net loss in the last five years rising to nearly $700 million.<\/p>\n

Its most recent results showed that its revenue jumped by 33% in the third quarter to $81.3 million, with the percentage of the recurring annual contract rising to 97%. It has over 80% of the annual or multi-year contracts. Most notably, its backlog jumped to $734 million from $232 million in the same period a year earlier.<\/p>\n

Planet Labs stock will be in the spotlight this week as it publishes its financial results. <\/p>\n

Yahoo Finance<\/a> data shows that the average estimate is that its revenue rose to $78 million in the last quarter, near the guidance of between $76 million and $80 million.<\/p>\n

If this happens, the annual revenue will come in at $297 million, up by 22% YoY, followed by $377 million this year. <\/p>\n

The company will likely continue generating double-digit growth in the coming years.<\/p>\n

Most importantly, analysts believe that the company will move towards profitability. Its earnings-per-share is expected to come in at a loss of 11 cents last year followed by 7 cents this year.<\/p>\n

A key challenge is that the company continues to face substantial competition from other satellite companies like Maxar, BlackSky, Capella Space, and Airbus Defense.<\/p>\n

Planet Labs stock price technical analysis <\/h2>\n
<\/figure>\n

PL stock chart | Source: <\/em>TradingView<\/em><\/a> <\/p>\n

The daily timeframe chart shows that the PL stock price peaked at $30.93 in January this year and then pulled back to the current $24.60.<\/p>\n

A closer look shows that the stock has formed an ascending channel whose support and resistance levels are its lowest and highest levels since February 3rd this year.<\/p>\n

The stock has remained above the 50-day Exponential Moving Average (EMA), while the Relative Strength Index (RSI) has moved downwards from the overbought level of 86 to the current 50.<\/p>\n

Therefore, the most likely Planet Labs stock outlook is bearish, with the next key target being the key support level at $19.70, its lowest level in February, which is about 20% below the current level. <\/p>\n

On the flip side, a move above the key resistance level at $27.50 will invalidate the bearish outlook.<\/p>\n

READ MORE: Samsung stock rises: can Nvidia revive its struggling foundry?<\/a><\/p>\n

The post Planet Labs stock on edge ahead of earnings: will it drop 20%<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Planet Labs stock is stuck in a bear market after falling by 20% from its highest point this year. PL was trading at $24.50, down from the year-to-date high of $30.85. Its market capitalization has dropped from over $9 billion to the current $8.35 billion. So, will it rebound ahead of the upcoming earnings? Planet <\/p>\n","protected":false},"author":1,"featured_media":48159,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-48158","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=48158"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/48159"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=48158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=48158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=48158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}